Akananan Collene has the following asset structure The long-term interest rate is 5.0% and the short-term rate is 3.0%. The college is trying to decide on a financing plan a) Under Plan A, permanent current assets and capital assets will be financed by long-term debt. All other current assets will be financed by short-term sources. Calculate 1. the annual interest expense on long-term debt ( 2 marks) II. the annual interest expense on short-term debt (2 marks) b) CCC Inc wants to try and lower their financing costs. Under Plan B, all capital assets, and only half of its permanent current assets will be funded with long term debt. All other current assets will be funded with short term debt Calculate 1. the annual interest expense on long-term debt ( 2 marks) i1. the annual interest expense on short-term debt ( 2 marks) c) Which plan has less risk? (1 mark) Eunlain uitur halmar is math